XML Financial LLC raised its position in Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 2,530.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,577 shares of the business services provider’s stock after acquiring an additional 4,403 shares during the period. XML Financial LLC’s holdings in Booking were worth $816,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC raised its stake in shares of Booking by 34.9% in the fourth quarter. Brighton Jones LLC now owns 251 shares of the business services provider’s stock valued at $1,249,000 after purchasing an additional 65 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of Booking in the 4th quarter valued at $209,000. Sivia Capital Partners LLC lifted its holdings in shares of Booking by 25.0% during the 2nd quarter. Sivia Capital Partners LLC now owns 165 shares of the business services provider’s stock worth $955,000 after acquiring an additional 33 shares during the period. Schnieders Capital Management LLC. lifted its holdings in shares of Booking by 50.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 87 shares of the business services provider’s stock worth $504,000 after acquiring an additional 29 shares during the period. Finally, Osterweis Capital Management Inc. acquired a new stake in shares of Booking during the 2nd quarter valued at about $179,000. Institutional investors and hedge funds own 92.42% of the company’s stock.
Booking Trading Down 0.6%
NASDAQ:BKNG opened at $212.06 on Friday. The stock has a market capitalization of $159.34 billion, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 1.28 and a beta of 1.07. Booking Holdings Inc. has a 1 year low of $150.14 and a 1 year high of $231.80. The firm has a 50 day moving average of $184.00 and a 200-day moving average of $176.84.
Booking Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. Booking’s payout ratio is currently 18.58%.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on BKNG shares. The Goldman Sachs Group set a $215.00 target price on shares of Booking and gave the company a “neutral” rating in a research note on Monday, July 20th. Robert W. Baird set a $230.00 price target on shares of Booking in a research note on Wednesday, August 5th. Benchmark lifted their price objective on Booking from $220.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Booking in a research note on Thursday, June 11th. Finally, Gordon Haskett increased their target price on Booking from $217.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $235.72.
Get Our Latest Stock Report on BKNG
Insiders Place Their Bets
In related news, Director Vanessa Ames Wittman sold 1,125 shares of Booking stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $192.00, for a total value of $216,000.00. Following the completion of the transaction, the director directly owned 16,508 shares of the company’s stock, valued at $3,169,536. The trade was a 6.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Peter J. Millones sold 62,500 shares of Booking stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $163.67, for a total value of $10,229,375.00. Following the completion of the transaction, the vice president directly owned 425,075 shares of the company’s stock, valued at $69,572,025.25. This represents a 12.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 89,625 shares of company stock worth $15,872,675 over the last ninety days. Company insiders own 0.17% of the company’s stock.
Booking Profile
Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.
Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.
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